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Tourmaline Oil Corp (Alberta) T.TOU

Alternate Symbol(s):  TRMLF

Tourmaline Oil Corp. is a Canada-based crude oil and natural gas exploration and production company. The Company is focused on long-term growth through an aggressive exploration, development, production and acquisition program in the Western Canadian Sedimentary Basin. It operates in three basins, which include the Alberta Deep Basin, NEBC Montney Gas/Condensate and Peace River Triassic Oil. The Company has ownership interests in 16 natural gas plants in the Alberta Deep Basin. It owns and operates five natural gas processing facilities with an aggregate capacity of approximately 325 million cubic feet per day (MMcf/d) with related gas gathering systems and NGL handling infrastructure at NEBC Montney Gas basin. The Company owns and operates two oil batteries at the Peace River Triassic Oil basin, which handles approximately 48,000 barrels per day of fluids and the associated natural gas is delivered to a third party for processing.


TSX:TOU - Post by User

Comment by integrity11on Nov 05, 2022 12:41pm
200 Views
Post# 35075735

RE:RE:RE:people love their divis

RE:RE:RE:people love their divis

No one knows where Tou share price let alone any share price is going in the future, but if you believe in the so called experts the average share forecast by the 3 most recent forecast TOUis heading much higher. 

The average of these 3 recent forecasts is $104. National Bank $100, Raymond James $95, and Scotia Bank $117.  The average of these 3 is $104. If you believe the price is going higher why not collect $2.25 while waiting for price to improve.

Of course we all know weather, increased taxes, government policies, and other global events can negatively affect the NG price and, therefore, the Tou share price. Like many other Tou and other Canadian Oil and gas companiy ishareholders I have been extremely fortunate the past couple of years as an investor in these companies as I have made many poor decisions in past years.

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